The CFTE (Centre for Finance, Technology and Entrepreneurship) has divulged that it is configuring an international centre in Singapore intended to help finance professionals acquire the necessary FinTech skills.

With its public inauguration that took place in May, CFTE is a platform for educating finance professionals to adjust to the new era of Finance 2.0. As per its website, technology causes sizable changes in finance.

With this, the organization is determined to give finance professionals the technology-related skills that they need to keep pace with the progressing sector.

Working hand-in-hand with the MAS (Monetary Authority of Singapore), CFTE has given definite plans to amplify its education platform to the ASEAN (Association of Southeast Asian Nations), as stated by FinTech Finance. Chief FinTech Officer of MAS, Sopnendu Mohanty, has expressed that they welcome CFTE to configure its education center in Singapore. The crucial factor for success in FinTech industry is people, as well as their revolution-driven Smart Financial Centre. He has further added that they do this to aid and expand Singapore’s FinTech movement by a dynamic range of opportunities and channels so that people can gain deep skills that are important to the market.

As FinTech businesses are surfacing and distorting traditional finance services, companies that are thinking ahead deliver on revolutionary products. With this, a stipulation for professionals who have a certain skill set and who can comprehend the new technologies is needed.

CFTE is to provide courses that span a range of finance industry subjects. These include application programming interfaces (APIs), artificial intelligence, blockchain, coding, and RegTech. These will either be provided by in-class training or online.

A number of key players like FinTech SuperCharger, Citi, Holberton School, Harvard Business School, Hong Kong University, Imperial College London, Lloyds Banking Group, Ping An and HSBC have aided to contribute to the finance curriculum.

Last April, it was revealed that IBM had worked along with NUS (National University of Singapore) to generate educational modules regarding on blockchain technology. With IBM’s blockchain technology innovation center opened in Singapore in the middle of 2016, the country has firmly constructed itself as a FinTech industry hub.